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Grasim Industries Ltd Share Price (GRASIM)

₹2237.40.74%

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Overview
Fundamentals
Q3 '23 Results
Technicals
News and Events

Overview of Grasim Industries Ltd

Key events for Grasim Industries Ltd

  • Grasim Industries' Low P/E Ratio Reflects Poor Earnings Performance - 15 Apr, 2024

    Grasim Industries has a low P/E ratio of 27.2x due to poor earnings performance and anticipated EPS contraction by 68% in the coming year, according to nine analysts. The company's recent earnings growth has been inadequate compared to the market, leading shareholders to accept the low P/E as future earnings are unlikely to provide any pleasant surprises. There are also significant risks to consider.

  • Jefferies Retains Buy Call on Grasim Industries Amid Expected Q4 Profit Surge - 09 Apr, 2024

    Grasim Industries is expected to see an 80% YoY surge in Q4FY24 net profit to ₹170 crore, while net sales are predicted to decline by 3.2%. Jefferies has retained its buy call on the company and set a price target of Rs 2,600 per share.

  • Grasim's B2B E-Commerce Unit Crosses Revenue Milestone - 08 Apr, 2024

    Grasim Industries' B2B e-commerce unit, Birla Pivot, achieved a remarkable milestone of achieving Rs 1,000 crore revenue in its first year of operations. The achievement has placed the business unit as one of the fastest-growing entities to achieve such a milestone in the B2B e-commerce space. As a result, Grasim Industries' shares rose by 1.09%.

  • Grasim Industries Ltd's Earnings Disappoint Some Investors - 07 Apr, 2024

    Grasim Industries Ltd's P/E ratio of 27x may be sending bullish signals, but its earnings have been going backwards lately. The reduced P/E could be due to poor earnings performance that investors think won't improve.

  • Grasim Industries Stock Falls After Stake Sale Via Bulk Deal - 05 Apr, 2024

    Despite posting strong financial results, Grasim Industries' stock fell by around 1.5% following an international entity selling its stake via a bulk deal. A report also projected a 3% YoY revenue decline, but adjusted PAT is expected to grow by 80% YoY.

  • Grasim Industries Touches 52-Week High - 01 Apr, 2024

    High-frequency trading firms have been active in small, illiquid stocks like Grasim Industries, which touched a 52-week high.

  • Grasim's Paints Business to Turn Profitable in Third Year of Operations - 29 Mar, 2024

    Aditya Birla Group Chairman Kumar Mangalam Birla has stated that Grasim's paints business will turn profitable in the third year of operations and cross a topline figure of 10,000 crore. However, brokerage firm Investec has expressed concerns about Grasim's entry into the paint market and its impact on established pricing norms.

  • Grasim's Birla Opus poses downside risk to Asian Paints - 23 Mar, 2024

    Grasim's new paint brand, Birla Opus, is priced at a discount of around 5% for most products compared to industry leader Asian Paints. Jefferies expects competition in the Indian paints sector to intensify and sees downside risk to Asian Paints' earnings-per-stock over the next two years.

  • Grasim Launches Birla Opus; Upsets Incumbent Players - 22 Mar, 2024

    Grasim Industries' entry into the oligopolistic paints market with the launch of their eagerly awaited brand, Birla Opus, has triggered a selloff in incumbent players' stocks. Brokerage firm Investec has a pessimistic view of paint companies as Grasim's entry might disturb established pricing norms.

  • Grasim Raises Funds for Paint Manufacturing Investment - 20 Mar, 2024

    Grasim Industries has raised INR 1250 crore from International Finance Corporation (IFC) through non-convertible debentures for its recently launched paint business, Birla Opus. The company aims to build six manufacturing plants in India by 2025 and have a higher usage of renewable energy and water recycling at its facilities.

  • Grasim Secures Investment for Decarbonisation Drive - 19 Mar, 2024

    Grasim Industries has raised Rs 1,250 crore through sustainability-linked non-convertible debentures from the International Finance Corporation (IFC) to increase adoption of renewable energy and water recycling in its paints manufacturing process. The investment will help Grasim accelerate its decarbonisation efforts. Shares closed 1.4% lower at Rs 2,171.3 apiece on NSE.

Analyst Rating for Grasim Industries Ltd stock

based on 12 analysts

BUY
75.00%
Buy
16.67%
Hold
8.33%
Sell

Based on 12 analysts offering long term price targets for Grasim Industries Ltd. An average target of ₹2446.33

Source: S&P Global Market Intelligence

Grasim Industries Ltd share Performance

  • ₹2224.8
    ₹2253.4
    ₹2237.4
    downward going graph

    0.56%

    Downside

    Day's Volatility:1.28%

    Upside

    0.72%

    downward going graph
  • ₹1649.14
    ₹2323.75
    ₹2237.4
    downward going graph

    26.29%

    Downside

    52 Weeks Volatility:30.15%

    Upside

    3.86%

    downward going graph
1 Month Return2.59 %
3 Month Return7.28 %
1 Year Return30.77 %
Previous Close₹2,254.05
Open₹2,239.00
Volume4.15L
Upper Circuit-
Lower Circuit-
Market Cap₹1,50,664.78Cr

Grasim Industries Ltd Company Information

Grasim Industries Ltd. is an Indian multinational conglomerate company headquartered in Mumbai, Maharashtra. It was incorporated in 1947 and has diversified business with operations in various areas such as viscose staple fibre, chemicals, cement, sponge iron, and textiles.

Grasim Industries Ltd. is the largest producer of Viscose Staple Fibre in India and the world. It is also one of the largest producers of Cement in India with a capacity of over 20 million tonnes per annum. Grasim's chemical division produces caustic soda, chloromethanes, liquid chlorine, hydrochloric acid and other chemicals. Its textile division manufactures, markets and distributes a wide range of fabrics under the brand name ‘Grasim’.

The company's popular brands include Grasim Suiting, Grasim Shirts, Grasim Home Furnishing, Grasim Towels, Grasim Innerwear, Grasim Footwear, Grasim Jeans, Grasim Kids Wear, Grasim Accessories, Grasim Furniture and Grasim Furnishings.

Share Price: ₹2237.40 per share as on 15 Apr, 2024 04:01 PM
Market Capitalisation: ₹1,50,664.78Cr as of today
Revenue: ₹31,965.48Cr as on December 2023 (Q4 23)
Net Profit: ₹2,603.43Cr as on December 2023 (Q4 23)
Listing date: 03 Nov, 1994
Chairperson Name: Kumar Mangalam Birla
OrganisationGrasim Industries Ltd
HeadquartersMumbai
IndustryTextiles
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Fundamentals of Grasim Industries Ltd

Insights on Grasim Industries Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    Price Rise

    img

    In the last 3 years, GRASIM stock has moved up by 67.1%

  • imgPOSITIVE IMPACT

    MF Holding Up

    img

    Mutual Funds have increased holdings from 5.81% to 6.30% in Feb 2024 quarter

  • imgPOSITIVE IMPACT

    Promoter Holding Up

    img

    Promoters have increased holdings from 42.75% to 43.06% in Feb 2024 quarter

  • imgPOSITIVE IMPACT

    Revenue Rich

    img

    Revenue is up for the last 2 quarters, 30.50K Cr → 32.22K Cr (in ₹), with an average increase of 5.3% per quarter

  • imgPOSITIVE IMPACT

    Profit Spike

    img

    Netprofit is up for the last 2 quarters, 1.16K Cr → 1.51K Cr (in ₹), with an average increase of 23.2% per quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, Ambuja Cements Ltd has given 55.5% return, outperforming this stock by 24.7%

  • imgNO EFFECT

    Against Peers

    img

    In the last 3 years, Ambuja Cements Ltd has given 106.3% return, outperforming this stock by 39.2%

  • imgNEGATIVE IMPACT

    Retail Holding Down

    img

    Retail Investor have decreased holdings from 23.79% to 23.63% in Feb 2024 quarter

  • imgNEGATIVE IMPACT

    FII Holding Down

    img

    Foreign Institutions have decreased holdings from 12.52% to 12.44% in Feb 2024 quarter

Grasim Industries Ltd Valuation

Grasim Industries Ltd in the last 5 years

  • Overview

  • Trends

Lowest (6.49x)

March 24, 2020

Today (26.42x)

April 12, 2024

Industry (78.22x)

April 12, 2024

Highest (70.33x)

October 1, 2018

LowHigh

Grasim Industries Ltd Mutual Fund Holdings

Funds Holdings
Franklin India Flexi Cap Fund Direct GrowthFranklin India Flexi Cap Fund Direct Growth2.69%
ICICI Prudential Multi-Asset Fund Direct Plan GrowthICICI Prudential Multi-Asset Fund Direct Plan Growth0.97%
ICICI Prudential Bluechip Fund Direct Plan GrowthICICI Prudential Bluechip Fund Direct Plan Growth0.64%
ICICI Prudential Value Discovery Fund Direct Plan GrowthICICI Prudential Value Discovery Fund Direct Plan Growth0.82%
Mirae Asset Large & Midcap Fund Direct Plan GrowthMirae Asset Large & Midcap Fund Direct Plan Growth1%

Grasim Industries Ltd Shareholding Pattern

InvestorsHoldings %Prev. 1 periods3M change
Promoter Holdings
43.06%
0.00
Foreign Institutions
12.44%
0.00
Mutual Funds
6.3%
0.00
Retail Investors
23.63%
0.00
Others
14.57%
0.00

Technicals of Grasim Industries Ltd share

News & Events of Grasim Industries Ltd

News

Buy or sell: Sumeet Bagadia recommends three stocks to buy on Monday

Buy or sell: Sumeet Bagadia has recommended three stocks to buy on Monday — Bajaj Auto, Nestle India, and Divi's Laboratories

13 Apr, 2024 11:37 AM

Nestle India Share Price Today Live Updates: Nestle India Closes at Rs 2536.20 with 3-Month Return of -0.45%

Welcome to the Nestle India Stock Liveblog, your real-time source for the latest updates and comprehensive analysis on a prominent stock. Dive into the current ... Read more

15 Apr, 2024 08:30 AM

1:10 Split, Rs 249/Share Dividend: FMCG Stock To Consider Dividend For FY 23-24; Buy Or Sell?

Large cap FMCG giant Nestle India Ltd will hold its meeting of Board of Directors on April 25 to consider and recommend final dividend for financial year 2023-2... Read more

15 Apr, 2024 09:57 AM
View More

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Grasim Industries Ltd (GRASIM) share price today is ₹2237.4

Grasim Industries Ltd is listed on NSE

Grasim Industries Ltd is listed on BSE

  • Today’s highest price of Grasim Industries Ltd is ₹2253.4.
  • Today’s lowest price of Grasim Industries Ltd is ₹2224.8.

PE Ratio of Grasim Industries Ltd is 26.42

PE ratio = Grasim Industries Ltd Market price per share / Grasim Industries Ltd Earnings per share

Today’s traded volume of Grasim Industries Ltd(GRASIM) is 4.15L.

Today’s market capitalisation of Grasim Industries Ltd(GRASIM) is ₹150664.78Cr.

Grasim Industries Ltd(GRASIMPrice
52 Week High
₹2323.75
52 Week Low
₹1649.14

Grasim Industries Ltd(GRASIM) share price is ₹2237.4. It is down -3.72% from its 52 Week High price of ₹2323.75

Grasim Industries Ltd(GRASIM) share price is ₹2237.4. It is up 35.67% from its 52 Week Low price of ₹1649.14

Grasim Industries Ltd(GRASIMReturns
1 Day Returns
-16.65%
1 Month Returns
2.59%
3 Month Returns
7.28%
1 Year Returns
30.77%